Rothschild Investment LLC acquired a new position in Qnity Electronics, Inc. (NYSE:Q – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,785 shares of the premier technology solutions leader’s stock, valued at approximately $309,000.
Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new stake in Qnity Electronics during the fourth quarter valued at approximately $2,226,626,000. Geode Capital Management LLC bought a new stake in Qnity Electronics during the fourth quarter valued at approximately $435,786,000. Massachusetts Financial Services Co. MA bought a new stake in Qnity Electronics during the fourth quarter valued at approximately $125,587,000. UBS Group AG bought a new stake in Qnity Electronics during the fourth quarter valued at approximately $120,414,000. Finally, Legal & General Group Plc bought a new stake in Qnity Electronics during the fourth quarter valued at approximately $112,534,000.
Qnity Electronics Price Performance
Shares of NYSE:Q opened at $155.90 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 1-year low of $70.50 and a 1-year high of $171.52. The company has a market capitalization of $32.64 billion and a P/E ratio of 53.57. The firm’s 50 day simple moving average is $137.41 and its two-hundred day simple moving average is $110.09.
Qnity Electronics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.32 annualized dividend and a yield of 0.2%. Qnity Electronics’s payout ratio is currently 11.00%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Royal Bank Of Canada boosted their target price on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research lowered shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Qnity Electronics presently has an average rating of “Moderate Buy” and an average target price of $151.33.
Check Out Our Latest Analysis on Qnity Electronics
Qnity Electronics Company Profile
Qnity Electronics is a company focused on the electronics and semiconductor value chain, serving customers that require specialized materials, components, or related technologies used in modern electronic devices. The company’s business is centered on supporting applications where performance, reliability, and precision are important.
Publicly available information about Qnity Electronics is limited, so a detailed description of its specific product lines, operating history, or geographic footprint is not readily available.
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